Purpose :
For pursuing studies in recognized schools/ colleges/ institutions to meet: - Tuition and other fees.
Maintenance costs, books and equipment etc.
Cost of passage (for studies abroad).
Eligibility :
For School / College education in India.
- Minimum second division (Pass marks for SC/ST).
- Parents / guardians (Including persons engaged in agriculture / allied activities having independent regular source of income.
Loan Amount :
- School / College education in India : (Upto 6 times the monthly net (take home) income of the parents / guardian. Minimum loan of Rs. 4,000/- Maximum Rs. 1lac.
- Technical / Professional higher studies in India and Abroad 90% of the cost of study, subject to maximum of Rs. 8lacs.
Margin………………………….. 10%
Interest Rate :
At competitive rates on reducing balance only. Please check-up for latest rates at your nearest branch Interest is compounded at quarterly basis.